The Average Productivity of Capital Is Defined as

question 24

Multiple Choice

The average productivity of capital is defined as

• A) the extra output produced by employing one more unit of capital while holding other inputs constant.
• B) the extra output produced by employing one more unit of capital while allowing other inputs to vary.
• C) the ratio of total output produced to the quantity of capital employed.
• D) the ratio of total capital employed to the total output produced.

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